This is a trend following analysis using a breakout entry formation that generally has the greatest results. This analysis is good for 4H trading, but can also be used on almost all time frames and on all pairs. Basically, this analysis is based on breakout and certain forms of reversals. The analysis seeks to highlight potential breakout setups that can result in higher reward. To ensure consistent successful trades, the trader should exercise some degree of patience and wait for the perfect set up to execute trades. There’re are several types of breakouts, I only focus on two types of breakouts, trend line breakout and double top/triple top/ bottom breakout. Even with the two, I only trade double top/ triple bottom breakout most of the times and trend line breakout at some other times. Double top/Triple top/ bottom breakout is more dependable and reliable than the other. Note, trend line breakout includes also breaks that occur out of various shapes such as wedges, channels, triangles, and all the other shapes part from rectangles. Below are the simple sketches of some of the breakout setups I’ll be focusing on.
| 2023 | EURUSD | GBPUSD | USDJPY |
| 25 Tháng Chín | Technical observation EUR declined below a trend line as indicated on the chart above and since then it has been trading with an increasing bearish bias, today I expect either a further surge to the lower side or a loss of this downwards movement followed by a correction to the broken level. My adv | Technical observation GBP broke below the zone it established at 1.2635-1.2571 then pulled back to it and since then it has been trading with an increasing bearish bias, however, I recommend that you wait for a second correction to the zone I have mentioned above to sell GBP with your take profit a | Technical observation On the daily chart above, the price bounced within the supportive zone 138.75-138.22 and since then it has been trading with an increasing bullish bias, today I anticipate further upwards movement of price and in case you are already holding bullish positions with this pair, |
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